shovel-ready

A Milestone in the Marathon

On Monday, November 16th, the Oneonta Town Planning Board approved the proposed site plan for the Oneonta Business Park, clearing the way for future business expansion. The Planning Board approved a plan for mixed use development that translates into up to 400,000 square feet of building space, 170 parking spaces, and an opportunity to attract businesses that will create new, high-quality jobs. Sandy Mathes, CEO of Otsego Now, said in his press statement: “Gaining these approvals is critical to the ability of the Otsego IDA to effectively market the site and give confidence to the development community that a shovel … Read More

IDA 101

What is an IDA? IDA is an acronym for Industrial Development Agency or Authority. So, for example, COIDA is an acronym for County of Otsego Industrial Development Agency. IDAs were created in the State of New York back in 1969 for the express purpose of developing industry within an IDA’s particular jurisdiction. An IDA is created by legislation (the Otsego IDA was created by an act of the Otsego County Board of Representatives in 1973). It is a public benefit agency. There are actually quite a lot of public benefit agencies and authorities and we’re sure you’ve heard of some … Read More